Vueling returns to profit ahead of Clickair merger

Vueling Airlines, which will join with Barcelona rival Clickair to create a "new" Vueling, reported an €8.5 million ($10.8 million) net profit last year, a welcome reversal from the €78.5 million lost in 2007, as it implemented a restructuring plan.
Full-year revenue increased 21% year-over-year to €438.9 million as costs rose 8.1% to €469.7 million. Operating loss narrowed 57% from €71.7 million to €30.8 million in 2007.
The LCC reduced its fleet from 24 ...